The criteria adopted for leasing out the land of Pakistan Railways included short term lease upto 10 years and ling term lease upto 99 years as all the lands were leased out through open public auction and sealed bidding after proper advertisement in newspapers.

According to Pakistan Railways here on Friday, minimum reserve lease values are set keeping in view the price ascertained by Pakistan Banking Association accredited valuator and assessment of concerned Railways division.

The reserve price is always invariably based on and higher than the minimum values notified by the District Revenue Authorities.

The bidding process is held by a three-member committee of Railway officers of Accounts, Property & Land and Marketing department in presence of all interested parties in a transparent manner while bid results are presented to Executive Committee of Railway Board for approval.